United States President Donald Trump has announced plans to cut off trade talks with Canada “immediately” as the country planned to start enforcing a tax policy targeting big tech companies.
The latest move, which Trump announced on social media, came as the neighbouring nations had been working to agree a trade deal by mid-July.
Both countries have imposed tariffs on each other’s goods after Trump sparked a trade war earlier this year and threatened to annex Canada using “economic force”.
Trump said on Friday that he was ending talks due to what he called an “egregious tax” on tech companies.
He added that he would announce new tariffs on goods crossing the border within the next week.
“We are hereby terminating ALL discussions on Trade with Canada, effective immediately,” he wrote on social media.
“We will let Canada know the tariff that they will be paying to do business with the United States of America within the next seven day period.”
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